Starknet (STRK): Scaling Ethereum With ZK Technology

As more and more people become interested in blockchain, many networks are realizing it can be hard to handle transactions securely and quickly. Starknet hopes to address this issue with a new scaling solution that improves transaction speed and lowers gas fees. How does Starknet work, and what makes it different from other scaling software? Explore this guide for all the details about the Starknet ecosystem.

Key Takeaways:

• Starknet is a Layer 2 Ethereum scaling solution that uses zero-knowledge rollups and STARK cryptographic proofs to create a faster and more reliable way of processing large batches of transactions.

• It will be distributing more than 700 million STRK to nearly 1.3 million addresses in its first round of airdrops, starting from Feb 20, 2024.

• Looking to trade Starknet tokens? Bybit will soon offer the STRK/USDT Spot trading pair.

What Is Starknet?

Starknet is a Layer 2 Ethereum scaling solution. It uses zero-knowledge rollups and STARK cryptographic proofs to create a faster and more reliable way of processing large batches of transactions.